General Debt Service Fund
The General Debt Service Fund is used to accumulate financial resources for the payment of interest and principal on all general obligation debt of the City. Currently, the City has the following obligations reported in this fund: Redevelopment Non-Ad Valorem Revenue Note, Series 2016; BB&T Revenue Note – Fire Truck; Non-Ad Valorem Revenue Note, Series 2020A; Non-Ad Valorem Revenue Note, Series 2020B. Currently, the largest revenue source for the General Debt Service Fund is the Community Redevelopment Fund, which transfers a portion of Tax Increment Funds (TIF) to cover debt service requirements.
- $3,864,320
- FY23-24 approved
- 4.2%
- share of citywide spend
- 2
- departments · divisions
- 15
- approved line items
Where it goes
Departments and divisions in General Debt Service Fund
2 spending units share this fund. Expand any one for line items and category breakdown.
- General Debt Service201201$3.86M100.0% of fund
By category
- Other$3.86M100%
Line items (10)
- 47138Principal - 2016 Note$708K
- 47140Principal - Fire Truck$52K
- 47143Principal - 2020A Note$631K
- 47144Prinicipal - 2020B Note$435K
- 47145Prinicipal - 2022$1.58M
- 47238Interest - 2016 Note$179K
- 47242Interest - Fire Truck$19K
- 47243Interest - 2020A Note$7K
- 47244Interest - 2020B Note$129K
- 47245Interest - 2022$120K
- General Debt Service - Transfers201581$00.0% of fund
The arc
General Debt Service Fund across the decade
Up 79% from FY22-23. Newest first; tap any year to switch.